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United States High Capacity Forklift Truck Market Explores Modular Designs for Versatile Industrial Use
High Capacity Forklift Truck Market Size
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Latest M & A
• Toyota Industries Corporation tender offer underway for majority stake acquisition - Toyota Asset Preparatory Co., Ltd. commenced a tender offer to acquire Toyota Industries Corporation shares in January 2026, part of a move to consolidate material handling and forklift manufacturing operations under closer control.
• Techlift expands via acquisition of Équipements EMU (Canada) - In October 2025, Techlift acquired competitor Équipements EMU, strengthening its footprint and dealer network in the materials handling equipment industry, including high capacity forklift offerings.
• Industry‐wide consolidation continues amid macro uncertainty - Materials handling sector M&A activity, including consolidations by major OEMs and dealer groups, has been highlighted as a theme in 2025/early 2026, driven by market uncertainty, automation adoption, and strategic positioning.
Key Players:
Toyota Material Handling, Hyster-Yale Materials Handling, Inc., Mitsubishi Logisnext Co., Ltd., Crown Equipment Corporation, Komatsu Ltd., Anhui Heli Co., Ltd., Hangcha Group Co., Ltd., Lonking Holdings Limited and Hyundai Heavy Industries Co., Ltd.
Key Development:
January 2026:
Caterpillar launched a new 25-ton electric forklift model designed for heavy-duty warehouse operations.
Global demand for high capacity forklifts surged by 8% YoY, driven by e-commerce and logistics growth.
December 2025:
Toyota Material Handling expanded production capacity in North America to meet rising demand for 15-25 ton forklifts.
Integration of AI-powered safety systems in high capacity forklifts increased adoption among manufacturing sectors.
November 2025:
New emission standards introduced in the EU prompted manufacturers to accelerate development of electric and hybrid forklift models.
Forklift telematics adoption rose by 12%, enhancing fleet management efficiency.
Growth Forecast Projected:
The Global High Capacity Forklift Truck Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global High Capacity Forklift Truck Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Load Capacity: Below 10 Ton, 10 Ton to 20 Ton, Above 10 Ton
By Fuel Type: Electric, Diesel, Gasoline, Others
By Application: Ports, Warehouses, Construction Sites, Manufacturing Sites
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Lays the foundation by defining the scope of the report, highlighting core market segments across regions, product types, and applications. It delivers a clear snapshot of current market size, growth potential, and how the industry is expected to evolve in both the near and long term.
Chapter 2: Spotlights the most impactful market insights, unveiling the transformative trends and forces shaping the future of the industry.
Chapter 3: Provides a deep dive into the competitive landscape of , covering revenue shares, strategic initiatives, and notable mergers & acquisitions that are reshaping the market.
Chapter 4: Presents detailed company profiles of leading players featuring financial performance, product portfolios, profit margins, and key milestones that set them apart in the industry.
Chapters 5 & 6: Break down revenue analysis at both regional and country levels, offering precise data on market size, growth drivers, and expansion opportunities across global markets.
Chapter 7: Analyzes the market by product type, spotlighting segment-specific opportunities and helping stakeholders identify untapped, high-growth areas.
Chapter 8 :Explores the market through application-based segmentation, assessing demand across industries and pinpointing downstream sectors with the strongest potential for growth.
Chapter 9: Maps the industry's supply chain in detail, tracing upstream and downstream activities to provide clarity on value creation across the ecosystem.
Chapter 10: Wraps up with a concise summary of the report's key insights distilling the most critical findings and strategic takeaways for decision-makers and stakeholders.
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FAQ
Q: How rapidly will the Market expand?
A: The High Capacity Forklift Truck market is projected to grow at a CAGR of 13.2% between 2024 and 2031.
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